VOL. XLIV

No 50

10-December-2001

CASPIAN

Japanese Firms To Overhaul AtyrauRefinery

Kazakstan痴national oil and gas company KazakOil has awarded a contract to Japan痴Marubeni and JGC Corp to modernize the 52,000 b/d Atyrau oil refinery. The costof the overhaul will total more than $300mn, of which the Japanese Bank forInternational Cooperation (JBIC) will provide $200mn in the form of a 10-yearcredit with a five-year grace period, while Marubeni will supply $35mn.KazakOil will contribute an...